New search
Property profile & analytics
FOR LEASE
Industrial properties
520 Mccormick Dr, Glen Burnie, MD 21061
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1158844
For Lease
1 / 2
$12,615,000
520 Mccormick Dr, Glen Burnie, MD 21061
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2000
Construction
BRICK
Total area
49,860 SF
Lot
7.88 ac (343,035 SF)
Zoning code
W1
APN
05-414-90058865
UPID
US40-1158844
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pioneer Contracting Inc Construction Company General Contractor
-
CP Rankin Inc. - Roofing Experts Roofing Company General Contractor
-
RJC Commercial Janitorial General Contractor
-
Icon Exterior Building Solutions Construction Company
-
Digital Protection Inc Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.64M
Blend (final)
Blend
$12.62M
Owner & transaction history
Lrb Investors LLP · 27 yrs held
Lrb Investors LLP
since 1999
4 recorded transactions
Zoning & alternative use
W1 · Glen Burnie, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glen Burnie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Burnie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,890,000
Current use
RETAIL STORES
$20,660,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$18,255,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$12.62M
Range $11.35M – $13.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$253 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,135
Tax year 2023
Assessed value
$5,140,567
Assessed 2023
Previous assessed
$5,140,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,636,900
Improvement market value
$3,504,400
Total market value
$5,141,300
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
2000
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
49,860 SF
Lot
7.88 ac (343,035 SF)
Zoning code
W1
APN
05-414-90058865
UPID
US40-1158844
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Glen Burnie, MD
Zoning W1 · permitted uses
W1 · Glen Burnie, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Burnie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.9M
RETAIL STORES
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$18.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
7.88 ac
Current owner
From public records · entity-resolved
Lrb Investors LLP
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Lrb Investors LLC
—
Deed
related
$11,250,000 · United Of Omaha Life Insurance Company
Jan 19, 1999
—
Lrb Investors LLP
Rouse Commercial Properties In
Grant Deed
related
—
Aug 31, 1998
$1,150,000
Lrb Limited Partnership
Rouse Teachers Properties INC
Grant Deed
—
—
—
Lrb Investors LLC
—
Deed Of Trust
related
$7,100,000 · John Hancock Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
